Mongolia’s prime minister Luvsannamsrai Oyun-Erdene and Tesla CEO Elon Musk on Monday mentioned doable enlargement and investments into the Asian nation over a digital assembly.

“They mentioned the potential for welcoming Tesla to Mongolia for its electrical automobiles battery manufacturing unit, leveraging the nation’s large availability of copper and uncommon earth components, that are important parts of electrical vehicles’ batteries,” in accordance with an announcement issued on behalf of the Mongolian authorities.

The East Asian nation is wealthy in minerals and boasts massive deposits of copper, gold and coal.

“The Mongolian Authorities is dedicated to cooperating with worldwide organisations to assist enhance the event of recent applied sciences and lift funding within the nation,” the assertion stated.

An announcement from the cupboard secretariat of Mongolia’s authorities added that the nation’s prime minister emphasised his help for using electrical vehicles and urged Mongolian residents to make use of such automobiles.

Musk and Oyun-Erdene additionally spoke about bringing Starlink — a satellite tv for pc communications terminals and providers supplier operated by the Musk-founded SpaceX — to Mongolia. Starlink was registered as an organization in Mongolia in 2022 and is anticipated to launch regionally this 12 months.

Musk’s assembly with the Mongolian chief comes after the tech big final week met with Chinese language vice premier Ding Xuexiang and different prime officers in China, as Beijing seems to painting a pleasant enterprise setting for overseas corporations amid tensions with the U.S.

The Tesla CEO complimented China’s technological advances and visited the Tesla gigafactory in Shanghai.